First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 52-Week Low – What’s Next?

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.94 and last traded at $17.75, with a volume of 1403 shares changing hands. The stock had previously closed at $17.73.

First Trust Preferred Securities and Income ETF Trading Down 0.0 %

The stock’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $17.85.

Institutional Investors Weigh In On First Trust Preferred Securities and Income ETF

A number of institutional investors have recently modified their holdings of FPE. Ameliora Wealth Management Ltd. raised its holdings in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares during the period. Mattson Financial Services LLC acquired a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at about $46,000. ORG Partners LLC lifted its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.